Cox Automotive expects the pace of U.S. new-vehicle sales to improve modestly in May as consumers continue purchasing vehicles despite economic uncertainty and rising fuel costs. In a forecast released May 27, the company said the seasonally adjusted annual rate …
CAA South Central Ontario is warning drivers about a growing form of vehicle theft that combines distraction tactics with electronic tools capable of intercepting or relaying key fob signals. In a release issued May 27, the organization said police services …
Canada’s automotive industry could either expand production to two million vehicles annually or lose assembly operations entirely by 2040, depending on trade policy, EV adoption and global competition, RBC Thought Leadership said in a new report examining the sector’s future. …
A growing number of consumers are buying vehicles from a single dealership, a trend CDK Global said is helping drive higher customer satisfaction during the buying process. According to the company’s latest Ease of Purchase Scorecard, 41 per cent of …
The renovation of the Newmarket Mercedes-Benz dealership is more than just converting a 25-year-old rooftop into a modern-day, state-of-the-art complex. It is a dream come true for Managing Partner Brian Fulton, the onetime Mercedes-Benz Canada president. The dealership had once …
Policaro Group is adding Danish hypercar manufacturer Zenvo Automotive to its portfolio, becoming the exclusive retail and distribution partner for Central and Eastern Canada under the banner Zenvo Toronto. The Oakville, Ont.-based dealer group announced the partnership May 20, …
Mercedes-Benz Canada and Road to Racing have introduced a new scholarship program designed to help young Canadian racing drivers advance their careers in motorsport. The Mercedes-Benz Youth in Motorsport Scholarship will provide one Road to Racing driver annually with $50,000 …
Canada’s truck dealers are calling on the federal government to move quickly on a regulatory fix they say is needed to preserve access to medium- and heavy-duty trucks in Canada, warning that a misalignment with U.S. emissions rules could create …
Reynolds & Reynolds used its Innovation Summit in Mississauga this week to showcase how artificial intelligence, cybersecurity and robotics are becoming increasingly integrated into dealership operations. The two-day event, held at the Courtyard Toronto Mississauga West hotel, brought together dealers, …
Canadian new light vehicle sales declined across nearly every province in April, highlighting what industry analysts describe as broad-based economic weakness and slowing consumer demand. According to provincial sales estimates released by DesRosiers Automotive Consultants (DAC), total Canadian new light …
Policaro Group is adding another ultra-exclusive name to its luxury automotive portfolio after being named Zenvo Automotive’s retail and distribution partner for Central and Eastern Canada. The Oakville, Ont.-based dealer group will operate as Zenvo Toronto, while Weissach Group will …
Rising inflation and elevated borrowing costs in the United States continued to weigh on U.S. consumers in April, even as retail spending and auto credit availability showed signs of resilience, according to the latest Auto Market Weekly Summary from Cox …
